Bank of America fined $1.2B for money laundering and sanctions violations
–
Neutral summary
The U.S. Treasury Department announced a $1.2 billion fine against Bank of America for alleged violations of anti-money laundering and sanctions laws. The penalty, described as the third-largest in the department's history, stems from the bank's failure to timely report more than $5 billion in suspicious transactions, including those linked to Chinese money laundering networks and illicit financing at the southern U.S. border. The fine includes $1.2 billion from FinCEN, $750 million from the OCC, and $11.6 million from OFAC, totaling over $1.95 billion, according to Valor Econômico. A Bank of America spokesperson said the fine would impact the bank's upcoming quarterly earnings. The bank's third-quarter profit fell 17% due to the penalty, with disappointing performance in trading and investment banking. CEO Brian Moynihan said the bank has 'accountability for everything we do' and has already factored in the cost of remediation.
How it was framed
Outlets: 50. Countries: 13. Facts in the shared core: 5.
Publication timeline
-
·
Financial Times (outlet profile)
Bank of America fined $1.2bn over money laundering failures. US bank failed to flag $5bn in suspicious transactions linked to suspected illicit finance from China and southern US border
-
·
CNBC (outlet profile)
Bank of America hit with more than $1.2 billion in penalties over money-laundering violations
-
·
NBC News (outlet profile)
Bank of America ordered to pay historic $1.2 billion over alleged sanctions law violations. Bank of America on Tuesday was ordered to pay $1.2 billion to the U.S.
-
·
The Independent (outlet profile)
US hits Bank of America with $1.2 billion fine, saying it violated money laundering, sanctions laws. The U.S. Treasury Department says it’s imposing $1.2 billion in fines on Bank of America for allegedly violating anti-…
-
·
Tanjug (outlet profile)
BofA kažnjena sa više od 1,2 milijarde dolara zbog kršenja propisa oko pranja novca
-
·
New York Post (outlet profile)
Bank of America hit with $1.2B fine for money laundering, sanctions violations. The fines on America’s second-biggest bank amount to the third-largest in the department’s history.
-
·
Insajder (outlet profile)
SAD kaznile sa 1,2 milijarde dolara banku Bank of America zbog pranja novca i kršenja sankcija. Ministarstvo finansija SAD je večeras saopštilo da izriče kaznu od 1,2 milijarde dolara banci „Bank of America“ zbog navodn…
-
·
Handelsblatt (outlet profile)
US-Großbank: Über 1,2 Milliarden Dollar Strafe für Bank of Amerika. Der Bank of America steht eine Milliarden-Strafzahlung ins Haus. Der US-Regierung zufolge waren ihre Kontrollen unter anderem bei Geldwäsche nicht stri…
-
·
Axios (outlet profile)
Bank of America hit with $1.2 billion penalty over money laundering allegations. The Treasury Department on Tuesday announced more than $1.2 billion in penalties against Bank of America for years of failures to report s…
-
·
El Mundo (outlet profile)
El Tesoro estadounidense multa a Bank of America con 1.200 millones de dólares. La sanción, la tercera más alta de la historia, se impone por violar las leyes contra el blanqueo de capitales y las sanciones que afectan…
-
·
elDiario.es (outlet profile)
La Administración Trump impone una multa de 1.200 millones a Bank of America por blanqueo de capitales. El Tesoro señala a Bank of America por "no haber mitigado ni notificado riesgos prioritarios para la seguridad naci…
-
·
ABC News (outlet profile)
US hits Bank of America with $1.2 billion fine, saying it violated money laundering, sanctions laws. The fines amount to the third-largest amount in Treasury Department history.
-
·
The National (UAE) (outlet profile)
Bank of America fined $1.2bn over claimed sanctions breaches
-
·
Danas (outlet profile)
SAD kaznile sa 1,2 milijarde dolara banku Bank of America zbog pranja novca i kršenja sankcija. Ministarstvo finansija SAD je večeras saopštilo da izriče kaznu od 1,2 milijarde dolara banci „Bank of America“ zbog navodn…
-
·
N1 Srbija (outlet profile)
SAD kaznile sa 1,2 milijarde dolara banku Bank of America zbog pranja novca i kršenja sankcija. Ministarstvo finansija SAD je večeras saopštilo da izriče kaznu od 1,2 milijarde dolara banci "Bank of America" zbog navodn…
-
·
ТАСС (outlet profile)
США оштрафовали Bank of America на $1,21 млрд. Организацию обвинили в отсутствии мер по борьбе с отмыванием средств и нарушении санкций
-
·
The Hill (outlet profile)
Treasury fines Bank of America $1.2B for violating money laundering, sanctions law. The Treasury Department on Tuesday announced it was fining Bank of America more than $1.2 billion for violating anti-money laundering a…
-
·
Politika (outlet profile)
Банка Америке кршила прописе око прања новца. Банка Америке (BofA) кажњена са више од 1,2 милијарде долара због кршења закона о спречавању прања новца
-
·
Clarín (outlet profile)
EEUU multa a Bank of America con 1.210 millones por violar leyes de blanqueo y sanciones. El Tesoro de EE.UU. impone sanciones de 1.210 millones a una entidad bancaria por incumplir normas de lavado de dinero y sancione…
-
·
Clarín (outlet profile)
EEUU multa a Bank of America por incumplir normas contra lavado de activos. El segundo banco más grande del país enfrenta multas millonarias por no reportar adecuadamente transacciones riesgosas. Las sanciones incluyen…
-
·
El Economista (outlet profile)
EU multa a Bank of America por incumplir normas contra lavado de activos. El Departamento del Tesoro de Estados Unidos indicó que el banco no reportó adecuadamente más de 5,000 millones de dólares en "transacciones sosp…
-
·
Folha de S.Paulo (outlet profile)
Tesouro dos EUA multa Bank of America em US$ 1,2 bilhão por falhas no combate à lavagem de dinheiro. O Tesouro dos Estados Unidos multou o Bank of America em mais de US$ 1 bilhão (R$ 5 bi) por violações "graves e recorr…
-
·
Blic (outlet profile)
Banka Amerike kažnjena paprenom cifrom:Godinama krila sumnjive transakcije vredne pet milijardi. Ministarstvo finansija Sjedinjenih Američkih Država objavilo je danas da je Banka Amerike (BofA) kažnjena sa više od 1,2 m…
-
·
UOL (outlet profile)
Tesouro dos EUA multa Bank of America em US$ 1,2 bilhão por falhas no combate à lavagem de dinheiro. O Tesouro dos Estados Unidos multou o Bank of America em mais de US$ 1 bilhão (R$ 5 bi) por violações "graves e recorr…
-
·
Ateo Breaking (outlet profile)
Минфин США оштрафовал Bank of America на $1,2 млрд за нарушения правил борьбы с отмыванием денег и обходом санкций, пишет Financial Times.
-
·
Gazeta do Povo (outlet profile)
EUA aplicam multa bilionária ao Bank of America por violações de sanções. EUA multam Bank of America em US$ 1,21 bilhão por falhas contra lavagem de dinheiro e violações de sanções contra Rússia e Irã.
-
·
South China Morning Post (outlet profile)
US fines Bank of America US$1.2 billion, says it violated money laundering, sanctions laws. The US Treasury Department said on Tuesday that it was imposing US$1.2 billion in fines on Bank of America for allegedly violat…
-
·
Expansión (outlet profile)
Sanciona Departamento del Tesoro a Bank of America con 1,210 mdd por permitir lavado de dinero de China. La autoridad dijo que el banco que no reportó riesgos como las “Redes Chinas de Lavado de Dinero” y “las finanzas…
-
·
Al Jazeera (outlet profile)
US fines Bank of America $1.2bn for money laundering, sanctions violations. The second-largest US bank faces record penalties for failing to comply with money laundering and sanctions laws.
-
·
Die Welt (outlet profile)
Milliardenstrafe für Bank of America wegen Geldwäscheversäumnissen. Die Bank of America soll ihren Verpflichtungen zur Bekämpfung von Geldwäsche nicht ausreichend nachgekommen sein. Das Finanzministerium verdonnerte sie…
Factual core
- Bank of America was fined $1.2 billion for money laundering and sanctions violations.
- The fine was imposed for violations of anti-money laundering rules.
- The US Department of the Treasury stated that Bank of America failed to adequately report over 5 billion dollars in suspicious transactions.
- The fine was imposed by the U.S. Department of the Treasury.
- The suspicious transactions amounted to 5 billion dollars.
In the daily issue: The day in brief — October 14, 2026
Other stories of the day
- Houthis strike Saudi Aramco facilities and Riyadh airport
- Ex-gang leader gets 40 years to life for Tupac Shakur murder
- Japan denies spying after Russia arrests journalist on Sakhalin
- US inflation accelerates, global markets hit by AI stock selloff
- White House press secretary Katie Zacharia faces questions over legal credentials
- Apple unveils HomeView smart display and other home devices
- Trial of Ukrainian accused of Nord Stream sabotage opens in Hamburg
- Albania protests enter third day, PM Rama refuses to resign